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i3 Verticals
IIIV

131 hedge funds and large institutions have $485M invested in i3 Verticals in 2024 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 45 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

730% more call options, than puts

Call options by funds: $2.44M | Put options by funds: $294K

1.2% more ownership

Funds ownership: 92.43% → 93.63% (+1.2%)

9% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 45

2% less capital invested

Capital invested by funds: $492M → $485M (-$7.6M)

3% less funds holding

Funds holding: 135 → 131 (-4)

14% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 22

Holders
131
Holders Change
-4
Holders Change %
-2.96%
% of All Funds
1.89%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.04%
New
19
Increased
49
Reduced
45
Closed
22
Calls
$2.44M
Puts
$294K
Net Calls
+$2.15M
Net Calls Change
+$281K

Top Buyers

1
LPP
Long Path Partners
Connecticut
+$12.2M
2
MCM
Mason Capital Management
New York
+$7.11M
3
RA
Royce & Associates
New York
+$6.12M
4
CIM
Confluence Investment Management
Missouri
+$3.28M
5
VC
Voss Capital
Texas
+$3.27M

Top Sellers

1
PCM
Portolan Capital Management
Massachusetts
-$6.24M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$5.78M
3
Morgan Stanley
Morgan Stanley
New York
-$4.21M
4
GCM
Greenland Capital Management
New York
-$4.1M
5
Two Sigma Investments
Two Sigma Investments
New York
-$2.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
2C
26
272 Capital
Texas
$5.65M -$353K -16,730 -6%
KCM
27
Kennedy Capital Management
Missouri
$5.54M +$1.69M +80,112 +47%
Goldman Sachs
28
Goldman Sachs
New York
$5.14M +$251K +11,905 +5%
EWA
29
EverSource Wealth Advisors
Alabama
$4.75M -$527K -25,000 -11%
Northern Trust
30
Northern Trust
Illinois
$4.49M -$173K -8,184 -4%
CP
31
Covenant Partners
Tennessee
$4.1M +$244K +11,549 +7%
SC
32
Shellback Capital
Massachusetts
$4.01M +$1.09M +51,565 +40%
PVM
33
Palogic Value Management
Texas
$3.31M – – –
BFM
34
Boothbay Fund Management
New York
$2.74M -$675K -32,006 -20%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$2.65M +$297K +14,077 +13%
GI
36
GAMCO Investors
Connecticut
$2.65M +$245K +11,601 +11%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$2.34M -$188K -8,906 -8%
Stifel Financial
38
Stifel Financial
Missouri
$1.95M +$39K +1,849 +2%
HFA
39
Harbert Fund Advisors
Alabama
$1.8M – – –
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$1.59M -$711K -33,723 -32%
CIBC Private Wealth Group
41
CIBC Private Wealth Group
Georgia
$1.59M -$5.78M -273,851 -79%
TA
42
Teton Advisors
New York
$1.59M -$105K -5,000 -7%
CCA
43
Conestoga Capital Advisors
Pennsylvania
$1.55M -$4.64K -220 -0.3%
DIA
44
Dana Investment Advisors
Wisconsin
$1.49M +$256K +12,146 +22%
Select Equity Group
45
Select Equity Group
New York
$1.45M +$24.2K +1,147 +2%
WB
46
WesBanco Bank
West Virginia
$1.43M – – –
Charles Schwab
47
Charles Schwab
California
$1.43M +$77.4K +3,671 +6%
CIG
48
Cullen Investment Group
Louisiana
$1.3M -$259K -12,280 -17%
N
49
Nuveen
North Carolina
$1.28M -$2.43M -115,109 -67%
Renaissance Technologies
50
Renaissance Technologies
New York
$1.26M -$146K -6,900 -11%
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IIIV Hedge Fund Activity: Q2 2024 in Review

131 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in i3 Verticals (IIIV) for Q2 2024, worth a combined $485M — down 1.5% from $492M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of IIIV and 19 opened new positions — a net loss of 3 holders — while 45 trimmed existing stakes and 49 added.

The largest buyer was Long Path Partners, opening a new position worth an estimated $12.2M. The largest seller was Portolan Capital Management, cutting an estimated $6.24M.

  • 131 institutional investors held i3 Verticals (IIIV) as of Q2 2024, down from 135 in Q1 2024.
  • Funds reported $485M of i3 Verticals stock for Q2 2024, down 1.5% quarter-over-quarter.
  • 19 funds opened new i3 Verticals positions in Q2 2024 and 22 closed out, a net change of -3 holders.
  • The largest i3 Verticals buyer in Q2 2024 was Long Path Partners, an estimated $12.2M added.
  • The largest i3 Verticals seller in Q2 2024 was Portolan Capital Management, an estimated $6.24M sold.

Based on aggregated 13F filings for Q2 2024.